Today's Top 20 Health Finance Articles
  • Top 5 healthcare finance stories in May

    Physician specialties that generate the most revenue for hospitals and CMS' proposed inpatient payment rule for 2021 were among the healthcare finance stories that piqued the interest of readers in May. 
  • CARES Act payments per hospital bed: 4 things to know

    The formula HHS used to allocate $50 billion in COVID-19 relief aid favored hospitals with the highest share of private payer revenue, according to an analysis by the Kaiser Family Foundation. 
  • Revenue cycle optimization amid COVID-19: 3 Qs with eSolutions Christopher Hart

    In addition to the hardships experienced by front-line providers in areas of the nation hit hard by the COVID-19 pandemic, the public health crisis has also placed a significant financial burden on hospitals and health systems.
  • Becker's Finance Whitepapers

    For finance leaders, the pandemic has ushered in a great deal of uncertainty, but with uncertainty comes opportunity. Click here to learn more about telehealth, ideas to improve the patient financial experience and sustainable innovation.
  • Sutter Health reports $1.1B loss in Q1, gets $200M in relief funds

    Sacramento, Calif.-based Sutter Health reported a $1.1 billion loss in the first quarter of 2020, driven mainly by unrealized losses on investments, according to financial documents released May 27. This compares to a $394 million net income in the first quarter of last year. 
  • Geisinger's operating loss hits $94M through Q3

    The COVID-19 pandemic pushed Dannville, Pa.-based Geisinger to a $94.1 million operating loss during the nine-month period ended March 31, according to recently released financial documents.
  • 5 steps to ensure physician revenue cycle success

    With changing technologies, such as telehealth, ensuring minimal revenue cycle interruption during the COVID-19 pandemic presents new challenges for physicians and their organizations. Healthcare providers seek guidance about what code to use, what to include in their documentation and what place of service to use — all while navigating an evolving reimbursement and regulatory landscape.
  • How hospitals can make up for billions in lost surgical revenues — 4 takeaways from a live discussion

    COVID-19 sapped the U.S. health system of $7.8 to $11.6 billion in revenue over the span of four weeks due to the suspension of elective procedures, according to estimates from the healthcare consulting firm Surgical Directions. As elective procedures resume, recouping this lost revenue will require healthcare leaders to strengthen their organization's relationship with both clinicians and patients.
  • Mission critical: Reducing cost to collect and improving patient revenue

    Learn to identify and address the root causes driving up your cost to collect while improving net patient revenue during this virtual presentation. Click here for more information.
  • COVID-19 pushes Cleveland Clinic to $39.9M operating loss in Q1

    Cleveland Clinic ended the first quarter of this year with an operating loss, which the health system attributed to a decline in patient volume and more expenses tied to the COVID-19 pandemic. 
  • HHS extends deadline to review, agree to relief fund conditions

    HHS has extended the deadline for providers to confirm receipt of payments and accept the terms and conditions for the emergency relief funding.
  • Emory Healthcare to furlough, cut hours of up to 1,500 workers

    Emory Healthcare, a nonprofit health system based in Atlanta, is cutting hours and furloughing up to 1,500 workers as it faces a revenue shortfall due to the COVID-19 pandemic, according to the Atlanta Business Chronicle. 
  • OIG to audit $50B of hospital bailout funds

    HHS' Office of Inspector General recently announced that it will audit $50 billion in COVID-19 relief aid sent to hospitals and other healthcare providers. 
  • Providence posts $1.1B loss in Q1

    Renton, Wash.-based Providence ended the first quarter of this year with an operating loss, as patient volumes declined and expenses increased due to the COVID-19 pandemic.
  • Cigna, CVS, Walmart, DaVita and Encompass return federal bailout funds

    CMS automatically sent out the first slice of federal funding under the Coronavirus Aid, Relief and Economic Security Act based on historical Medicare fee-for-service reimbursement. Now, several companies are returning the relief aid. 
  • 20 healthcare companies with biggest annual profits

    Forty healthcare companies made Fortune's list of the 500 most profitable U.S. companies this year, with three companies reporting annual profits above $10 billion. 
  • Ochsner reports Q1 loss, gets $166M in COVID-19 relief aid

    Ochsner Health's revenue increased year over year in the first quarter of this year, but the New Orleans-based health system ended the period with an operating loss, according to unaudited financial documents. 
  • COVID-19 significantly hurt March finances, Temple University Health System says

    Philadelphia-based Temple University Health System said the COVID-19 pandemic "significantly" affected its finances, and contributed to its $7.6 million net loss in the nine-month period ended March 31, according to unaudited financial documents.
  • AdventHealth sees $578M loss in Q1

    Despite posting income from operations, AdventHealth ended the first quarter of 2020 with a $578.5 million net loss, according to unaudited financial documents. 
  • Beth Israel physicians: Hospitals are paid wrong, and it's leading to financial ruin

    Despite federal assistance and news reports of full emergency rooms, hospitals are losing more than $50 billion a month, and issuing furloughs and layoffs to offset some of the deficit. There are many reasons why hospitals are facing significant financial challenges during the COVID-19 pandemic, but physicians from Beth Israel Deaconess Medical Center and Harvard Medical School in Boston argue in STAT that the biggest reason is the way hospitals are paid.  
  • Hospitals not entitled to additional payments after 'two-midnight' rate cut

    A federal appeals court said a group of hospitals that received lower Medicare reimbursement because of a rate reduction implemented by HHS aren't entitled to additional payments, according to court documents.
  • Ascension reports $2.7B net loss in Q3

    St. Louis.-based Ascension saw revenue decline in the three months ended March 31, and it ended the period with a net loss, according to unaudited financial documents. 

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